Fund Governance

Fund Governance

Canberra hits out at super fund ‘complacency and inertia’

Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its "complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds should consider merging.

Elizabeth FryJanuary 29, 2020

Fund Governance

Home fund needed for ‘orphans’

Mergers between strong super funds will likely leave the weaker ones without a partner. David Bell suggests a consolidation fund be founded to house them.

David BellJanuary 13, 2020

Fund Governance

Most super fund advice not in clients’ best interest: ASIC

Less than half of 233 superannuation advice files reviewed by the corporate watchdog demonstrated full compliance with best interest duty and related obligations, according to a new report.

Tahn SharpeDecember 6, 2019

Fund Governance

Senate Inquiry: APRA, Westpac and heatmaps

APRA chair Wayne Byres told a parliamentary hearing on Monday that broader enforcement powers have allowed APRA to achieve better results.

Elizabeth FryDecember 2, 2019

Fund Governance

Super CEOs back APRA’s heatmap in Canberra

Australian Super's Ian Silk and ISA's Bernie Dean have backed the prudential regulator's heatmaps and reiterated their call to remove "dud" funds from the system. They joined REST and QSuper in a parliamentary inquiry.

Staff WritersNovember 22, 2019

Fund Governance

APRA’s super heatmaps show results ‘jump off’ screen

APRA's deputy chair Helen Rowell said the regulator is ready to forcibly remove trustees of underperforming funds thanks to their long-awaited appraisal system that easily identifies who in the industry is falling short.

Elizabeth FryNovember 15, 2019

Fund Governance

Double standards in corporate governance create unseen risk

As Australian investors ramp up exposure to private markets they should check who in the fund structure is there to look after their interests, says Castle Hall's Alex Wise.

Alex WiseSeptember 18, 2019

Fund Governance

Christian Super launches new funds

Christian Super, the $1.5 billion faith-based superannuation fund, has restructured its investment options and launched two new funds.

Elizabeth FryJuly 15, 2019

<1of5>